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SGI Canada

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SGI Canada launches farm business unit

October 12, 2017 by Canadian Underwriter

SGI Canada has launched a farm business unit to help farmers understand their increasingly sophisticated insurance needs. As farms have become bigger and operations more expensive, farmers’ insurance needs have become more complex, SGI Canada said in a press release

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SGI Canada customers evacuated by Saskatchewan wildfires have mass evacuation coverage

September 5, 2017 by Canadian Underwriter

SGI Canada policyholders in areas affected by the wildfires in northern Saskatchewan will have mass evacuation coverage in place for 30 days and should be assured that personal and commercial property policies will not be cancelled for 30 days in

News InsuranceLegislation / RegulationMarkets / Coverages

‘No active deals on the table’ to sell minority interest in SGI Canada

May 7, 2017 by Canadian Underwriter

Saskatchewan has a new law allowing for the sale of up to 49% of crown corporations, but the provincial government will continue to have a monopoly on compulsory auto insurance, a spokesperson for Saskatchewan Government Insurance told Canadian Underwriter Friday.

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Non-standard auto insurer Echelon completes sale of European operations

March 8, 2017 by Canadian Underwriter

Echelon Financial Holdings Inc. announced Tuesday it has completed the sale of its European operations, which provide non-standard auto through Danish insurer Qudos Insurance A/S. At current exchange rates, Mississauga, Ont.-based Echelon will receive about $5.1 million on closing “and

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Material Disclosure

October 2, 2016 Jennifer Pereira, Partner, Robertson Stromberg LLP. Robertson Stromberg is a member firm of The ARC Group of Canada, a network of independent law firms across Canada.

In a ruling in favour of SGI and Galon Insurance Brokers, a Saskatchewan court found that a plaintiff knew, or should have known, that his decision to rent to tenants was material to the risk of insuring his home.

News CatastrophesInsuranceMergers and Aqcuisitions

Another flood recovery centre to open in Saskatchewan

July 21, 2016 by Canadian Underwriter

Nearly one week after a Provincial Disaster Assistance Program (PDAP) flood recovery centre opened in Estevan, Sask., the Ministry of Government Relations said that another centre will open in the Town of Watrous. The centre will open to provide support

News Earnings / RatingsInsuranceMergers and Aqcuisitions

SGI Canada reports underwriting income of $42 million for 15 months ending March 31

July 19, 2016 by Canadian Underwriter

Saskatchewan Government Insurance announced Monday that the province’s Auto Fund had an underwriting loss of $11.1 million for the 15 months ending March 31, 2016, while SGI Canada, the competitive arm of SGI, had underwriting income of $42 million during

News CatastrophesInsuranceMergers and Aqcuisitions

SGI Canada assigning more adjusters to deal with Saskatchewan flooding claims following heavy rainfall

July 12, 2016 by Canadian Underwriter

SGI Canada will be assigning additional adjusters to Estevan, Saskatchewan – among the areas in the province hit by heavy rainfall that prompted localized flash flooding – to handle what is anticipated to be higher-than-normal claim volumes, the insurer reported